The Joint Standing Committee on Treaties will hold a public hearing in Canberra on Monday 15 June 2020 to discuss the termination of the Australia – Indonesia Investment Agreement.
The Agreement has been superseded by the Comprehensive Economic Partnership Agreement between Australia and Indonesia (IA-CEPA), signed in 2019.
“The new trade agreement between Indonesia and Australia contains a contemporary and fit-for-purpose investment chapter, which provides greater protections for investors whilst preserving the freedoms for governments to pursue public policy measures,” said Committee Chair Mr Dave Sharma MP.
“I am pleased to see the Government has acted on the recommendation of the Committee in terminating this previous investment agreement.”
The new trade agreement contains modern provisions, such as protections for regulating in the public interest. Termination of the previous agreement will also provide investor certainty about which rules apply to their investment.
The Committee will also review recent amendments to the Convention on the Conservation of Migratory Species at the 15 June hearing.
Public hearing details
CANBERRA
Date: Monday 15 June 2020
Time: 11.15am to 1.00pm
Location: Committee Room 2R1, Parliament House
Please note that access to the public hearing is restricted as a pandemic control measure. The hearing can be accessed online.
Media inquiries
Ms Natalie Hissey, Office of Mr Dave Sharma MP
02 9327 3988
For background information
Committee Secretariat
02 6277 4002
jsct@aph.gov.au
For more information about this Committee, you can visit its website. On the site, you can make a submission to an inquiry, read other submissions, and get details for upcoming public hearings. You can also track the Committee and receive email updates by clicking on the blue ‘Track Committee’ button in the bottom right hand corner of the page.
